KBC Group NV Increases Stock Position in Sysco Corporation $SYY

KBC Group NV lifted its position in shares of Sysco Corporation (NYSE:SYY) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,618 shares of the company’s stock after buying an additional 7,190 shares during the period. KBC Group NV’s holdings in Sysco were worth $6,536,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. SEB Asset Management AB acquired a new position in shares of Sysco during the 1st quarter valued at $6,662,000. Swiss National Bank lifted its stake in shares of Sysco by 7.2% during the first quarter. Swiss National Bank now owns 1,405,300 shares of the company’s stock worth $100,240,000 after purchasing an additional 94,000 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Sysco in the first quarter worth about $2,538,000. Heartland Advisors Inc. grew its stake in shares of Sysco by 22.8% in the first quarter. Heartland Advisors Inc. now owns 190,561 shares of the company’s stock valued at $13,593,000 after buying an additional 35,438 shares in the last quarter. Finally, John G Ullman & Associates Inc. raised its holdings in shares of Sysco by 0.7% during the 1st quarter. John G Ullman & Associates Inc. now owns 69,660 shares of the company’s stock valued at $4,969,000 after buying an additional 475 shares during the period. 83.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft lowered shares of Sysco from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research note on Tuesday, April 28th. Citigroup reissued a “neutral” rating on shares of Sysco in a research report on Wednesday. Wall Street Zen downgraded shares of Sysco from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, UBS Group lowered their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Eight research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.00.

Sysco Stock Up 1.2%

SYY stock opened at $82.23 on Thursday. The firm has a market cap of $39.37 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 3.20 and a beta of 0.64. Sysco Corporation has a 1-year low of $68.19 and a 1-year high of $91.85. The firm has a fifty day moving average price of $79.13 and a two-hundred day moving average price of $79.65. The company has a debt-to-equity ratio of 5.58, a current ratio of 1.33 and a quick ratio of 0.80.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). Sysco had a return on equity of 103.57% and a net margin of 2.08%.The business had revenue of $20.52 billion during the quarter, compared to the consensus estimate of $20.56 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its Q4 2026 guidance at 1.510-1.510 EPS. Research analysts predict that Sysco Corporation will post 4.59 EPS for the current year.

Insider Buying and Selling

In related news, Director John M. Hinshaw bought 13,304 shares of the stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $75.17 per share, with a total value of $1,000,061.68. Following the completion of the acquisition, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

Sysco Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.